Foreign private equity in China is down, but far from out. For most people, having too much money in the bank is hardly a concern, particularly in the current economic climate. For those in the private equity (PE) industry, however, it’s a an unpleasant reminder of how much the world has changed since the go-go […]

China should adopt a measured but determined approach to banking reform. There is no doubt that banking reform must happen in China. With more than 80% of China’s leverage coming from banks, and lending going predominantly to large state-owned enterprises (SOEs), growth is not likely to take its traditionally strong foothold in small- and medium-sized […]

What is fuelling China’s push towards homegrown tech innovation? It’s the early 8th century and the court of the Tang Dynasty is buzzing. Yi Xing, henceforth to be remembered as famous innovator (and also astronomer, mathematician, mechanical engineer, and Buddhist monk) has just revealed his big invention: the world’s first mechanical clock. He sets the […]

No. Some Pain is Necessary in the Short Run The slow recovery of the US economy and the deep recession in the eurozone have cast a long shadow on the global economy. Given the strong headwinds faced by China’s exporters and the weak domestic demand, many have advocated another stimulus package to arrest the […]

Yes. It could Energize the Faltering Economy China’s 2008 economic stimulus has led to concerns that if another such package were to be introduced today, it would lead to similar problems of overinvestment, overcapacity, increased social inequality and rising local debts. I, however, feel that these fears are misplaced. Since 2008, the Chinese economy has […]

Nicholas R. Lardy, the Anthony M. Solomon Senior Fellow at the Washington D.C.-based Peterson Institute of International Economics, has been watching the Chinese economy for more than three decades now. His first book on China – Economic Growth and Distribution in China – was published in 1978. Over the years, Lardy has chronicled the rise of the […]

GETTING BEIJING’S TAXIS TO MOVE, NOT SIT Starting this week, Brian Viard, Associate Professor of Strategy and Economics at Cheung Kong Graduate School of Business, will explore the workings of economics in everyday life and business in China through this fortnightly column A few weeks ago, I was standing outside a Beijing subway station desperately […]

China is crucial for the future of business development of the ASEAN region This was far more than a holiday in Cambodia. From talks of increasing integration to internal squabbles and the rise of ASEAN’s lesser-known members, the 20th ASEAN Summit in April outlined the growing importance of this economic and political cooperative. It also […]

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.